Bourne,Inc. ,acquired 50% of David Webb Enterprises for $5,000,000 on January 1,2016.The total fair value and book value of Webb's identifiable net assets was $8,000,000 on that date.During 2016 Webb recognized net income of $1,000,000 and paid dividends of $1,200,000.Webb had a fair value of $11,000,000 as of December 31,2016.
Required: Determine the amounts that will be associated with the Investment in Webb account and the Goodwill on Bourne's balance sheets,assuming Bourne accounts for the Webb investment under the equity method.

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The Answer of Bourne,Inc. ,acquired 50% of David Webb Enterprises for $5,000,000 on January 1,2016.The total fair value and book value of Webb's identifiable net assets was $8,000,000 on that date.During 2016 Webb recognized net income of $1,000,000 and paid dividends of $1,200,000.Webb had a fair value of $11,000,000 as of December 31,2016.
Required: Determine the amounts that will be associated with the Investment in Webb account and the Goodwill on Bourne's balance sheets,assuming Bourne accounts for the Webb investment under the equity method.